Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

2022

Federated Investors completes acquisition of value manager Clover Capital

RELATED TOPICS​

US investment manager Federated Investors has completed the acquisition of Clover Capital Management, a Rochester, New York-based investment manager specialising in value management with U

US investment manager Federated Investors has completed the acquisition of Clover Capital Management, a Rochester, New York-based investment manager specialising in value management with USD2.1bn in assets.

The business, now known as Federated Clover Investment Advisors, becomes Federated’s traditional value centre of excellence. The firm’s headquarters will remain in Rochester and it will continue to be headed by Michael E. Jones, Clover Capital’s co-founder and former chief executive and chief investment officer, who joins Federated as a senior vice-president and senior portfolio manager of Federated Clover.

Federated Clover’s value-based investment process employs both fundamental research skills and quantitative analytic technology to manage portfolio risk. Federated expects to launch the Federated Clover Value Fund, Federated Clover Mid Value Fund and Federated Clover Small Value Fund to its network of financial intermediary clients early next year.

‘The Clover Capital team has consistently delivered above-market returns with lower-than-average risk in the traditional value arena,’ says Federated president and chief executive J. Christopher Donahue.

‘Combining their performance with Federated’s distribution capabilities in the broker/dealer, wealth management and institutional markets offers a solid venture for both firms. Federated will offer the new Federated Clover funds and strategies as a complement to our existing equity offerings.’

Federated Investors is one of the largest investment managers in the US with USD344bn in assets under management at the end of September in 147 mutual funds as well as managed accounts. The group’s investment management clients comprise nearly 5,400 institutions and intermediaries including corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers.

Latest News

Brown Brothers Harriman & Co has expanded its relationship with AllianceBernstein (AB), by adding to..
The trading and investment platform eToro has extended its proxy voting feature to all stocks..
C8 Technologies, the London-based fintech founded by former BlueCrest Capital Management partners Mattias Eriksson and..

Related Articles

The trend of private equity firms acquiring businesses in the professional services sector continues with CVC Capital Partners eyeing a possible buyout of EY’s Italian consulting branch...
The trend of private equity firms acquiring businesses in the professional services sector continues with CVC Capital Partners eyeing a..
Pension funds
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next decade, industry research reveals...
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next..
Tim Crawmer, Payden & Rygel
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also, given that equities had a strong year last year, big funds have taken some chips off the table in equities and put them into fixed income...
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also,..
Lady justice
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI) strategies received glowing commendations from the Bank of England in its March report...
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI)..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by